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    Home > Chemicals Industry > New Chemical Materials > Under the weak pattern of supply and demand, rubber runs at a low level

    Under the weak pattern of supply and demand, rubber runs at a low level

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    Thai glue remained stable after the fall, Vietnam's production area will enter the production season, Shandong sales area enterprise worker arrival rate is low, tire start low operation, supply and demand double weak pattern, rubber low shock operation
    .

    rubber

    Futures price difference: On 12.
    29, RU main closed at 12685 yuan / ton (-130), NR main closed at 9585 yuan / ton (-120).

    RU basis -535 yuan/ton (-20), NR basis 46 yuan/ton (+31).

    RU non-standard price difference of 2110 yuan / ton (-55), tobacco chip import profit -97 yuan / ton (-287).

    Spot market: 12.
    29, full latex quotation 12150 yuan / ton (-150), mixed rubber quotation 10575 yuan / ton (-75), 3L spot quotation 11500 yuan / ton (-100), STR20# quotation 1380 US dollars / ton (-15), butylbenzene quotation 10600 yuan / ton (0).

    Thai ingredients: raw film 44.
    10 baht/kg (+0.
    21), cup glue 38.
    90 baht/kg (-0.
    15), glue 43.
    30 baht/kg (0), tobacco film 47.
    61 baht/kg (+0.
    52).

    Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).

    As of 12.
    23: Exchange Total Inventory 180613 (+5791), Exchange Warehouse Receipt 163620 (+1500).

    As of 12.
    22, the domestic all-steel tire operating rate was 49.
    75% (-6.
    76%), and the domestic semi-steel tire operating rate was 58.
    35% (-6.
    48%)
    .

    Opinion: On the supply side, the price of Thai glue will remain stable after the decline, and the Vietnamese production area will enter the production reduction season; China basically ushered in a complete stoppage, and the quotation of glue in Yunnan and Hainan did not change; On the demand side, the arrival rate of enterprise workers in Shandong sales area this week is low, and tire starts are running at a low level, paying attention to the return to work in Shandong; In terms of inventory, social inventory continued to accumulate slightly, and the inventory of finished tires in the sales area was high, and the destocking was general; Even if the progress of returning to work is accelerated, the actual sales time period approaching the Spring Festival is short, and it is difficult to significantly improve
    the fundamentals.

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